Insights   |   January 22, 2026

Investing Beyond the Cycle: Equity Opportunities in a Slower Growth World

Global growth is losing momentum. The World Bank now expects real GDP to slow to 2.3% in 2025, half a point below earlier forecasts at the start of the year.

Harald Karlsson
Associate Portfolio Manager, Fiera Atlas Global Companies Team
Sachin Sharma
Client Portfolio Manager

At the same time, the trading framework that drove globalisation for decades is under strain. Supply chains are shifting, developed economies are grappling with higher import costs and export-led emerging markets face reduced demand and limited room for policy manoeuvre.